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Finance Report 2009
 

Finance Report 2009

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    Finance Report 2009 Finance Report 2009 Presentation Transcript

    • TREASURER’S REPORT
    • EvangelicalCovenantChurch
      TheEvangelical Covenant Church
      NationalCovenantProperties
      Paul
      Carlson
      Partnership
      CovenantPension Plan
      Bethany
      BenefitService
      Covenant TrustCompany
    • Covenant World Relief
      2005 $1,303,000
      2006 $1,315,000
      2007 $1,267,000
      2008 $1,558,000
      2009 $1,016,000
      Total $6,459,000
    • Paul Carlson Partnership
      2005 $ 884,000
      2006 $1,253,000
      2007 $1,186,000
      2008 $ 794,000
      2009 $ 630,000
      Total $4,747,000
    • Haiti Earthquake Relief
      $1,049,000
    • CO
      FOWM
      KB
      PCP
      MISSION & MINISTRY BUDGET
      STMs
      SPE
      PMs
      CWR
      MPs
      Covenant World Relief
      Paul Carlson Partnership
      Project Missionaries
      Short-term Missionaries
      Friends of World Mission
      Kingdom Builders
      Sustaining Pastoral Excellence
      Covenant Orientation
      Mission Projects
      BaseBudget
    • Budget Results
      • Expenses Cuts
      • Mix of Revenues
      • Net +$99,000
    • Bethany Benefit Service
      • New Benefits
      • Vision
      • Group Life at $100,000
      • Enrollment
      • 3% increase
      • 37 new enrollees
      Vision
      Vision
    • Comparable market premium increases
      Cost $avings
      Bethany premium increases
      Medical InsurancePremium Increase
    • 1996-2008Pension Benefit Enhancement
      Total Value$40 Million
    • ($ in thousands)
      Pension Benefits
    • Key Investment Considerations
      • Asset allocation and diversification—improve risk/return relationship
      2009
      1992
    • ($ in millions)
      Assets of Pension Fund
    • AssetsNational Covenant Properties
      ($ in millions)
    • The Loan Sourcefor Covenant Churches
      • Of the churches that have loans, over 80% have loans with NCP
    • 2009 New Church LoansNational Covenant Properties
      In 2009, National Covenant Properties advanced $21,000,000 in new monies to help fund 50 church projects.
    • Assets under ManagementCovenant Trust Company
      ($ in millions)
    • 2009 ResultsCovenant Trust Company
      • New business $11.6 million
      • Distributions $11.6 million
      • % New business to conferences, churches, 41.6%and camps
      • Assets $399.6 million
    • AUDIT REPORT
    • TREASURER’S REPORT